PORTFOLIO

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• People will book their profit in gold and probably reinvest in the market again: G Chandrashekhar

  G Chandrashekhar advises caution amidst gold price surge driven by geopolitical uncertainty and speculative trading. He predicts a potential gold price correction, emphasizes portfolio diversification, and highlights silver market opportunities amid global economic factors. Chandrashekhar says: "We have to be optimistic about gold prices in the second half of the year, no doubt at all, but that should be tempered with extreme caution, at least in the short term."

  

• What are the benefits of investing in a largecap fund?

  As per regulatory guidelines, a large-cap company is a listed company which is ranked from 1st to 100th on the Indian stock exchanges in terms of market capitalisation. Hence, for a fund house, a large-cap scheme needs to invest at least 80% of its assets in large-cap companies, with the flexibility to invest the balance 20% in other companies as per the discretion of the fund manager

  

• India's forex reserves hit record high at $645.58 billion for week ending on March 29

  RBI's forex reserves surged to a record $645.58 billion, boosted by a $2.9 billion increase, with foreign currency assets rising to $570.61 billion. Governor Das underlined the importance of reserves as a safety net.

  

• 60% of stocks in Vanguard's India portfolio lag in 2024

  Vanguard's India stock portfolio struggled in 2024, with major laggards like Zee Entertainment. Its stock has been reeling under pressure following a fallout of merger with Sony. Despite setbacks, top performers like Indiabulls Real Estate and Tata Motors DVR show promising growth potential in Vanguard's diverse holdings. Read more here:

  

• Microfinance industry body wants members to explore underserved market

  India's microfinance sector is highly concentrated, with the top 10 states representing 85% of the market, leaving many districts and villages with limited access to credit. Sa-Dhan, a microfinance industry body, is investigating reasons for this disparity and aims to encourage lenders to reach under-penetrated areas. Despite recent growth in financial inclusion, many districts have a penetration ratio of less than 30%, indicating a need for expansion in these regions.

  

• Microlending portfolio grows 31% in December quarter: Report

  The average balance per borrower inched up to Rs 48,900 during the December quarter, as against Rs 48,200 in the quarter-ago period and Rs 46,900 in the year-ago period, the data said. A bulk 83.4 per cent of the borrowers had exposure to less than 2 lenders in December, with Tamil Nadu having the highest prevalence of multiple borrowings per borrower, it said.

  

• FPIs infuse over Rs 38,000 cr in equities in March so far amid strong domestic economic outlook

  ​FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook.

  

• Nifty to rescale new highs in first week of April; time to do SIPs in 4 metal stocks: Sanjiv Bhasin

  Sanjiv Bhasin provides insights on market trends, recommends stocks like Hind Copper, Vedanta, SAIL, and NALCO for potential growth. Emphasizes strategic investment opportunities in various sectors for favorable returns. Bhasin further says that in largecaps, Bata and Patanjali are two stocks along with Devyani where he ccan bet his money on.

  

• PSU bank stocks ride past private sector peers in 2024, but how long will good days last?

  Private banks lost to public sector banks in 2024 as the latter gave double-digit returns. HDFC Bank saw a correction in share prices, FIIs sold financial stocks, and Goldman Sachs issued a “sell” call on YES Bank. PSU banks rallied, but caution is advised in the sector. Read more here:

  

• RBI asks for info on gold loan frauds

  The Reserve Bank of India has asked banks to share info on gold loan frauds and review lending processes after employees manipulated the system. A whistle-blower complaint revealed collusion with customers, manipulated repayments, and liens. RBI banned IIFL Finance from new gold loans. No response from RBI. Read more here:

  

• RBI asks for info on gold loan frauds

  The Reserve Bank of India has asked banks to share info on gold loan frauds and review lending processes after employees manipulated the system. A whistle-blower complaint revealed collusion with customers, manipulated repayments, and liens. RBI banned IIFL Finance from new gold loans. No response from RBI.